SPY going forward

The SPY weekly is setting up what I call the 2c-2d setup (basically a reverse divergence in a bullish trend, as indicated by the 20- & 50-MA's).  So, when identifying a 2c-2d setup, I look to the faster time frame (in this case the daily) for an entry which usually comes in the form of the 3d criteria, and low and behold, that's what we have:

Some notes:
   -The weekly came into a support zone in the form of the 38.2% retracement that also happened to be the 50-week moving average.
  - When noticing the 3d criteria I look to the left, identify a 3a, and that gives me my resistance zone; or where price may likely encounter, well, resistance.  This is indicated on the daily chart, and happens to line up with the 50% Fib. retracement as drawn between recent lows and the May highs.
 
  After identifying this setup I look for a price pattern that looks like 3-pushes to a low or an inverse Head & Shoulders.  From there I then draw a Fib. projection off of the seed wave to attain price targets.  The seed wave will likely be the low of the inverse H&S's head to the high preceding the most recent higher low, make sense?  This seed wave is only a potentiality because we don't know yet whether the lows are in, but that is what gives us our Risk:Reward profile.
  So, here is a closer look at the Daily chart

The rounding aspect of price can be highlighted by tracing out these symmetrical cycles a-la John R. Stevenson